IMPORTANT NOTE: high risk product - direct loan to solar company. No local partner in between to cover risks.
Global Pte. Ltd.
Amount: EUR 100K,
senior debt, part I (of EUR 500K)
Maturity: 36 months,
semi-annually and linearly amortizing
Interest rate: 6%
capital: UK Aid backs this project! UK Aid invests EUR 20K via the 'Crowd Power' program run
by Energy4Impact. This effectively means that there is 20% first-loss protection, reducing your risk for your investment. At
each repayment date Crowd Power will only be repaid if the crowd is repaid in
full for that specific repayment.
This is a direct
loan to a company (rather than lending to a financial institution) and
therefore it is recommandable that you are careful with the amount you will invest.
Summary of the campaign
Global Pte. Ltd., a company based in Singapore, is active in project
development, designing, building, (partial) owning and operating renewable
energy power infrastructure with clear and focused actions on the ground in South
East Asian countries.
company’s projection is to deliver a minimum of 800 MW of renewable energy
systems principally in South-East Asian countries over the next 8-10 years,
focusing on solar power systems, tidal and wind technologies, small hydro-power
and biomass-based energy installations. Of this projection, the Company has
developed a portfolio of 213MW to be implemented between 2016-2019. This 213 MW
is equal to 213 million watts, which can power approximately 1 million
households enabling people to perform economic activities, going beyond just a
light bulb. South East Asia has over 120 million people without access to
The company has developed the Sabang Project, which is near
the Puerto Princesa Underground River Area, a UNESCO World Heritage Site. The
project aims at boosting social and economic development while encouraging
sustainable tourism. The project is at its final stage before start of construction
– expected in October/November 2016 - in Barangay Cabayugan, Palawan, The
The project has the following features:
- a solar PV power plant of 1.4 MW
- a “cradle-to-cradle” certified battery of 2.3 MWh (the largest clean
battery in South East Asia)
- 1.2 MW of diesel generators
- A 14 km smart grid aiming to supply 24/7 power to about 650 small and large
off-takers in the concession area reducing carbon emissions by about 50 percent
over its life-time.
- The total savings are 21,514 tons CO2 emissions in 20 years.
- The total carbon savings is equivalent to saving approximately 9,100,000 litres
of gasoline, or 7,136 hectare of carbon sequestering forest of the size of
9,994 soccer fields!
The power plant is designed to set an example for rural or off-grid
electrification using renewable energy. The architecture of the power plant has
been inspired by the culture of the local indigenous communities. The power plant includes an Expo Center aiming
to invite tourists (almost 85% of all the 300,000 tourist travelling to the
region are Philippine nationals) to learn about renewable energy in the ‘energy
mix’. This Expo Center will work closely with the City Government and several
other national and international parties to enhance awareness in the area of
renewable energy and energy-saving technologies.
It’s important to
note that the diesel generators are still required due to the fact that solar
power is only generated during daytime and people, businesses, and hospitals
for example, also rely on power at night or when the sun is less strong. The solution
of using solar power in the mix, allows a reduction of approx. 50% of diesel in
the years to come and therefore provides much cleaner and cheaper energy to the
people and businesses in the region. Over time, the project intends to increase
its solar PV base and substitute fossil diesel fuel with biodiesel, once
economically feasible and available, to further increase the proportion of
renewable energy in the mix.
This loan will impact approx. 650 small and large off-takers. From
households, to small businesses, to small, medium and large hotels and resorts,
to schools and eventually medical centers. Imagine how many lives will be
impacted by having access to cleaner energy due to this project, and you can contribute
About WEnergy global
Vision & Mission
WEnergys vision is to become a major quality provider of renewable
energy systems solutions with fair and attractive returns on investments,
inspired by the broader principles for sustainable life-styles and
joyful-living, through global partnerships and engagement with stakeholders.
Their mission is to develop,
plan, design, build, co-own and operate renewable energy systems for users at
national, local, and individual industrial and household-scales, on-grid or
The aim of the company is to
deliver a minimum of 800 MW of new renewable energy capacity in emerging
economies in the next 8 years through solar power systems, biomass energy
systems, wind-power technologies and small-hydropower systems.
Atem Ramsundersingh: CEO, with over 25 years of international experience with business and project
development in emerging economies. Worked at the World Bank and
UNESCO-IHE Institute for Water and Environment (Delft, NL) among others, and
holds a Masters Degree in Infrastructure Engineering from Delft University of
Fabian Weber: Head of Systems Design & Engineering, with over 12 years of experience in plant design, construction & monitoring of solar PV
and hybrid power systems with energy storage. Worked at SunEnergy
Europe GmbH and holds a Masters degree from the Technical University of Berlin
and a Masters degree from the Ecole Nationale des Points et Chaussees in Paris.
Robert de Groot: Lead Transmission & Distribution Engineer, with over 5 years of
experiences and deep knowledge in electrical modeling, design and engineering of smart
micro-grids with energy storage systems, related power management, O&M
management planning. Worked with ENEXIS B.V. in The Netherlands and holds a Masters Degree in Electrical Engineering from Eindhoven
University of Technology; expected to complete his PhD in Electrical
Engineering at TU Eindhoven by end of 2016.
Agnes Valentine: Senior Energy Investment Specialist, with over 8 years of experience
and knowledge in energy investment structuring & finance in high stakes
environments in ASEAN. Worked with PT Jawa Power, the power supplier of the
Java - Bali grid in Indonesia, PT Ferrostaal Indonesia, a full subsidiary of
Ferrostaal GmbH, and Mission NewEnergy Pte Ltd in Malaysia. She holds a Masters
Degree in Corporate Finance from the Southern New Hampshire University, USA.
Bakker: Head of Philippines Office, based in Philippines with over 20 years of
international work experience in water and environment, financial management,
business development and philanthropic activities. Worked with Nedlloyd,
Deutsche Börse, Clearstream International, GE Advanced Materials, Qatar Financial
Centre, Tyco and the UNESCO-IHE Institute for Water in The Netherlands. She
holds a BA Honours in Commercial Economics from School of Economics, Rotterdam and
a Masters in Finance from EDHEC, Nice, France.
Besides the management team, there is an experienced Board of Directors
with over 150 years of combined experience in international business, project
development, finance and investments, renewable energy and engineering and
project execution and operations.
Previous projects: http://www.wenergyglobal.com/projectsub/solar-projects/
2014 – Erasmus Centre for Future Energy Business, RSM, Erasmus University (in Rotterdam)
2016 – Dr Albert Winsemius Award 2016 for Innovation & Sustainability (Category “Rising Stars”)
(second on the left CEO Atem Ramsundersingh)
- Due diligence partners:
- WEnergy Business Presentation (download here)